485 W Matheson Dr
Key Biscayne, FL 33149
$237,000,000
$20,559/ft²
About this home
485 W Matheson Drive is one of America’s most iconic waterfront estates, representing a rare convergence of presidential history, cinematic legacy, and unparalleled waterfront scale. Set on approximately 2.38 acres with an extraordinary 862’ of direct Biscayne Bay frontage, the property captures sweeping, unobstructed views of the Miami skyline and open bay, offering a level of presence and exclusivity rarely found in South Florida. Once the “Winter White House” of, the estate also achieved cinematic fame as the Frank Lopez residence in Scarface, with original architectural elements still preserved, including the iconic glass elevator. Offers 5BR + gym (can be converted to 6th BR) 7+2BA, and approximately 13,500 SF (per owner) across three levels, featuring soaring 24’+ ceilings, marble floors, and walls of glass framing breathtaking bay views. Expansive living, dining, and kitchen areas open to large terraces, creating seamless indoor-outdoor living ideal for both everyday comfort and grand-scale entertaining. Resort-style grounds include a piano-shaped saltwater pool, cabana bath, lush tropical landscaping, and expansive lawn areas with artfully integrated lighting extending the estate’s experience well beyond sunset. A private marina, formerly a presidential helipad—features rare 3-phase power and dockage for yachts up to 200’, plus over 34,000 SF of submerged land, making this one of Miami’s most significant and irreplaceable waterfront holdings in the world.
Features
- Waterfront
Property details
Listing
- MLS #
- A12005335
- Status
- For sale
- Listed on
- May 4, 2026
- Days on market
- 97 days
- Listing data updated
- Jun 16, 2026
Interior
- Beds
- 5
- Baths
- 8
- Living area
- 11,528 ft²
- Price per ft²
- $20,559/ft²
Building & community
- Type
- Single-family home
- Year built
- 1981
- County
- Miami-Dade
Lot & exterior
- Lot size
- 103,775 ft²
- Waterfront
- Yes
Days on market, price per ft² and the monthly HOA amount are calculated by this site from the MLS data shown; the association fee is normalized to a monthly figure.
True monthly cost
- Mortgage (principal & interest)
- $1,198,401
- Property taxes (est.)
- $217,250
- Home insurance (est.)
- $600
- Flood insurance (est.)
- —
Estimated total$1,416,251*/mo
* Some cost lines aren't available yet for this listing; the total shown is incomplete.
Based on 20% down, a 6.5% rate and a 30-year loan, plus this home's estimated Florida carrying costs. All figures are illustrative estimates — not quotes, not financial or insurance advice.
Sources: flood zone — FEMA National Flood Hazard Layer; mortgage, taxes and insurance figures — this site's own estimates; HOA / CDD — as reported for this listing.
What will this home really cost you?
Location
Mortgage calculator
$1,198,401/moEstimated principal & interest. Taxes, insurance, and HOA are not included. This is an estimate, not a quote or financial advice.
This listing is courtesy of Coldwell Banker Realty.
Jill Eber · 305-915-2556 · jille@jillszeder.com · 305-672-6300
Data deemed reliable, but is not guaranteed accurate by MIAMI REALTORS®.
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